Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Government, Business, Fuel

Macquarie: Biden Likely to Tap Oil Reserve for Summer Demand

The Biden administration will likely need to tap oil from the country’s emergency reserves to counter a spike in gasoline prices and amid inflation fears during the summer driving season.

Lucia Kassai | Bloomberg News
April 15, 2024
Government, Business

Update: Biden Pledges Federal Funds for Baltimore Bridge Rehabilitation

Congressional transportation leaders are expressing support for approving emergency assistance to rebuild a bridge and adjoining infrastructure after the recent collapse at the Port of Baltimore.

April 15, 2024
Government, Business, Safety

Drug Clearinghouse Creates Advantages, Challenges for Industry

Although FMCSA's efforts to streamline the driver verification process are helping fleets reduce risk via the Drug & Alcohol Clearinghouse, it's also reduced the pool of qualified drivers.

Mindy Long | Special to Transport Topics
April 15, 2024
Business, Equipment

VTNA Opens Order Book for Redesigned VNL Class 8 Flagship

Volvo Trucks North America opened the order book April 15 for its new Class 8 VNL tractor, it said.

Keiron Greenhalgh | Staff Reporter
April 15, 2024
Business, Technology, Equipment

Tech Vendors Introduce Latest Offerings for 3PLs at TIA

PHOENIX — From business process automation to fraud prevention, industry tech developers rolled out new software features and service offerings for 3PL providers at TIA's conference.

Seth Clevenger | Managing Editor, Features and Multimedia
April 15, 2024
Business, Technology, Safety, Logistics

Truckstop Launches Carrier Vetting Services for Brokers

Truckstop launched three new services aimed at helping brokers ensure they’re doing business with trusted carriers, the company announced April 9.

Connor D. Wolf | Staff Reporter
April 15, 2024
Business, Technology, Logistics

Mode Global, Transporeon Automate Spot Freight Procurement

PHOENIX — Mode Global has been collaborating with TMS platform Transporeon to automate spot and dedicated freight procurement, the companies said in a joint announcement.

Seth Clevenger | Managing Editor, Features and Multimedia
April 15, 2024
Business, Fuel

Shale Oil ‘Fracklog’ Resumes Expansion After Yearlong Hiatus

Shale explorers are drilling wells faster than they’re fracking them, a strong signal that U.S. oil production growth is slowing.

April 15, 2024
Business, Technology, Equipment, Autonomous

New Intangles Service Helps Truckers Find Mechanic Shops

Intangles launched a new product designed to help truck drivers find a mechanic while on the road before vehicle issues occur, the predictive maintenance company announced April 11.

Connor D. Wolf | Staff Reporter
April 15, 2024
Government, Business, Technology, Equipment, Logistics, For-Hire, Global Freight

Amazon Becomes the Largest US Private EV Charging Operator

Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.

Matt Day | Bloomberg News
April 15, 2024